Monday, December 17, 2012

The Second Economic Adjustment Programme for Greece – First Review

The latest official review of Greece's economy by the European Commission, called "The Second Economic Adjustment Programme for Greece – First Review", starts by explaining how the Greek economy performed worse than expected, due to political instability (the two general elections) and the weakness of the global economy. It warns that Greece's tax collection system is failing to meet its targets, and that privatizations have been disappointing. It pays tribute to Antonis Samaras's government, before warning that there are very large "implementation risks" to the program. The full review here:
. http://ec.europa.eu/economy_finance/publications/occasional_paper/2012/op123_en.htm

-The Guardian

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